It will be interesting to see the way it goes.
I thought you were saying a renounceable rights issue which means you have to pay up to get shares but can sell the rights on market if you want to and not pay up and therefore you don't get the shares.
All the upside then goes to the person who buys the right and pays up.
In that case all the upside is lost.
Not everyone will have the money to convert the renounceable rights which would be a shame after supporting the company for so long.
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Last
$2.32 |
Change
0.020(0.87%) |
Mkt cap ! $597.9M | |||
| Open | High | Low | Value | Volume |
| $2.31 | $2.34 | $2.29 | $2.743M | 1.185M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 28505 | $2.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.32 | 2759 | 1 |
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| Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
| KCN (ASX) Chart |